Fractal Analytics IPO: Amidst the ever-increasing turmoil in the IPO market, Fractal Analytics has gained strong investor confidence even before its listing. The company has already been successful in raising Rs 1,249 crore from anchor investors before its IPO. This amount has been raised by allotting 1,38,69,499 equity shares to 52 anchor investors at the upper price band of Rs 900 per share.

The participation of LIC, big mutual funds of the country and global institutions like Morgan Stanley and Goldman Sachs in this anchor round has made this IPO a topic of special discussion in the market. Let us know about other information related to this IPO…..

Big insurance companies placed bets

A strong presence of many big insurance companies has been seen in the anchor round of Fractal Analytics. This includes Life Insurance Corporation of India (LIC), HDFC Life Insurance, SBI Life Insurance, Bharti AXA Life Insurance and Edelweiss Life Insurance.

The participation of these institutional investors is generally seen as a sign of long-term confidence. Due to which the market trend regarding IPO becomes more positive.

Global investors showed interest

The anchor round of Fractal Analytics has also seen participation from many international investors. In this, big global institutional investors like Morgan Stanley Investment Funds and Goldman Sachs Bank Europe have ensured their participation.

Apart from this, other foreign investors like Ashoka Whiteoak Emerging Markets Funds, Jupiter Global Fund, Flumen Investment Trust, Optimix Wholesale Global Emerging Markets Share Trust, Neo Prime Fund and Neo Secondaries Fund have also shown their interest in this issue.

Investors will be able to place bets from February 9

The IPO of Fractal Analytics will open for subscription to investors on Monday, February 9. Investors can place their bets on the company till Wednesday, February 11. The company has fixed the price band for this issue between Rs 857 and Rs 900 per share.

The face value of the share has been kept at Rs 1 by the company. At the same time, investors will have to apply in a lot of minimum 16 shares.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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